UNIUSD Elliott Wave Analysis: TradingLounge 1D Chart

Uniswap/ U.S. dollar (UNIUSD) Day Chart Analysis

UNIUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Counter

Structure: Double Corrective

Position: Wave (Y)

Direction Next Higher Degree: Wave ((E)) of Impulse

Wave Cancel Invalid Level: N/A

Details: The movement within the triangle pattern appears complete, and the price is expected to rise again.

Uniswap/ U.S. dollar (UNIUSD) Trading Strategy

The correction in Wave ((2)) seems to have ended, which shifts the focus to a potential five-wave rally in Wave 3. With price action in an uptrend, we are looking for opportunities to re-enter the trend.

Uniswap/ U.S. dollar (UNIUSD) Technical Indicators

• The price is above the MA200, indicating an ongoing uptrend.

• The Wave Oscillator shows bullish momentum.

UNIUSD Elliott Wave Analysis: TradingLounge 4-Hour Chart

Uniswap/ U.S. dollar (UNIUSD) 4-Hour Chart Analysis

UNIUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave ((3))

Direction Next Higher Degree: Wave ((3)) of Impulse

Wave Cancel Invalid Level: N/A

Details: Wave 2 seems to have completed, and the price is increasing in Wave 3.

Uniswap/ U.S. dollar (UNIUSD) Trading Strategy

With the correction in Wave ((2)) over, the focus is on the five-wave rally of Wave 3. The price action remains in an uptrend, making it a good point to look for re-entry into the market.

Uniswap/ U.S. dollar (UNIUSD) Technical Indicators

• The price is above the MA200, confirming the uptrend.

• The Wave Oscillator shows bullish momentum.

Technical Analyst:  Kittiampon Somboonsod

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here See

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